Alibaba unveils new high-performance model

Alibaba launched its new artificial intelligence model, "Qwen3.8 Max," which is among the top globally and ranked second after the "Fable 5" model from Anthropic. It contains approximately 2.4 trillion parameters, reflecting China's growing momentum in the AI field. Alibaba's shares rose by up to 5.4% following the announcement, and the model is now available to developers through its platforms. There are plans to release it in open-weight form in the coming period. Meanwhile, competing companies like Zhipo experienced sharp declines in their stock prices after launching new models, highlighting intense internal competition and reinforcing China's leading position in the race to develop large-scale AI models, as Beijing moves toward achieving dominance in the field by 2030.

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